Cronos (CRO) Rises 5% Daily Following Major Ecosystem News: Details
The cryptocurrency market is another sea of red today (August 14), with Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and many more posting losses.
However, Cronos (CRO) has defied the ongoing pullback, and some analysts believe its price could pump even higher if it clears key levels.
Turbulent Days
The last several days have been quite eventful for CRO, which experienced severe volatility. Earlier this month, Trump Media (the entity behind Truth Social) withdrew its intentions to ink an ETF deal with Crypto.com and backed off its plans to accumulate $6.4 billion in CRO.
The token reacted negatively to the news, tumbling to around $0.046, its lowest level in the past three years. It spent the next few days trading below $0.05 before bulls finally reclaimed that mark (albeit briefly) earlier today. As of this writing, CRO trades at around $0.048 (per CoinGecko), representing a 5% daily increase.
The most likely catalyst for the resurgence appears to be Ryan Wyatt’s announcement. The CEO of Cronos App revealed that next month the platform “goes global to everyone” on iOS and Android. He said that users can access sports, stocks, crypto, and perps, and that they are “just getting started.”
… Continue reading the full article at the original source below.
